MoxyOne is advancing the blockchain industry by offering white label debit cards and secure payment infrastructure for all companies and ICOs that issue cryptocurrencies. It allows companies to incorporate within their ecosystems, a reliable financial infrastructure that gives their token holders an opportunity to spend their tokens. With features such as a debit card, wallet system, and virtual debit card, users will be able to make purchases within company ecosystems and “real-world” merchants worldwide.

Project Purposes

MoxyOne's purpose is to supercharge the crypto economy by giving every ICO an opportunity to have their own crypto-payment system.

MoxyOne is a solution that seeks to create a reliable financial infrastructure that gives value to underutilized cryptocurrencies with features that enable the average cryptocurrency holder to make real-world purchases with merchants across the globe.

By white labeling MoxyOne’s financial infrastructure, companies can let their users spend their created cryptocurrencies.

MoxyOne offers its own debit card and wallet system for its token holders (SPEND). SPEND tokens will be the fuel for its system.

The MoxyOne developers are working on a prototype for its wallet system which is aimed to be released by early 2018.

MoxyOne boasts of taking advantage of Blockchain networks such as Raiden Network and COMIT to boost speed and security on its platform. By adopting a decentralized approach, MoxyOne hopes to eradicate the problem of insecurity that has, for a long time, been an issue with centralized financial systems.

The purpose of the project with examples

The MoxyOne infrastructure aims to allow end-users to utilize their cryptocurrencies such as Ether and others that will in the future be integrated within the system.

MoxyOne will support partner’s tokens. ICOs that want to offer a debit card for their token holders can apply to be a partner and use the MoxyOne infrastructure by white labeling the wallet system.

SPEND is the backbone of MoxyOne as it will be used for individual transactions and corresponding transaction fees. In addition, SPEND tokens can be used for daily transactions by token holders. They will provide token holders a MoxyOne wallet system.

MoxyOne allows users to spend their tokens at merchants or withdraw fiat from ATMs around the world. Users will be able to perform various transactions with the MoxyOne wallet such as electronic purchases.

They aim to improve security and speed while still being able to provide ease of use for every user and all involved parties.

Steps for Payment Processing

A user uses MoxyOne or white labeled card/wallet to pay.

Merchant processes transaction.

MoxyOne uses Just in Time Funding to exchange tokens to fiat.

Liquidity Provider exchanges tokens for fiat and transfers to MoxyOne/
Partner for the amount of purchase.

User’s wallet will be deducted from the purchase amount + a negligible fee (in tokens) and the transaction will be recorded.

This is an independent report generated by a Coinschedule partner company. Coinschedule has no influence over its content and the views expressed may not reflect the views of Coinschedule. This is not investment advice, you are encouraged to do your own research and reach your own independent conclusions.